Better leverage than using debt!

Just that a seller that recognizes they have a problem and will continue to feed the problem until the debt is dealt with makes sense (paid down or paid off from a sale).People paying their bills is a good thing.John Corey

I turned it down since I don't have alot of debt and don't want alot of unused credit showing up; however, if you own rental property there comes a time that you see a fixer upper and need short term money for a project until you get long term financing.

I received good tip in paying down my debt and I am doing that as we speak.

We can ultimately eliminate risk by creating a land trust on purchase properties.The Land Trust is a legal entity, therefore it can assume a loan, create seller carry back financing, etc.

Going and doing a first deal cold turkey with no knowledge is a good way to learn what not to do, but i think by first getting educated will help to eliminate the doubt one has, and also help eliminate the risks involved with the deal.

I am about to close on sale of my primary which will give me funds to pay down my credit card debt too ) and leave me with 250k to puchase a new primary and an investmet property.

Do you want to be a referee, mediator, debt collector, building problem solver for 11.50 per door?

You most likely work or at least could get a job to pay your debts.

You said you would consider if the price was 436k--- debt service using those rates means 3,650/mo and basically around 700 cashflow for 24 units...basically +$30/unit a month.Thanks in advance.